Could Lifting the Payroll Tax Cap Prevent a 22% Social Security Cut?
Could Republicans finally be opening the door to a major Social Security fix?
A new Washington Post report says some Republicans are now openly discussing something that has long been politically difficult for the GOP: raising more payroll tax revenue for Social Security, including possibly raising or eliminating the income cap subject to Social Security taxes.
Why does this matter to you? Because if Congress does nothing, Social Security could eventually face automatic benefit cuts worth thousands of dollars per year for many retirees.
In this video, Dr. Ed Weir, former Social Security…
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